ACCOUNTS Ref DEBIT CREDIT A The company issued 100,000 shares of common stock for $1.00 per share. JOB 101 DM JOB 102 JOB 103 DM DM DL DL DL B The company purchased $20,000 of raw materials on account. C Raw materials: allocated $4,000 to job 101, $7,000 to job 102, & $5,000 to job 103. Enter these values on the job cost sheets. D Direct Labor for each job: Job 101: $9,000; Job 102: $6,000; Job 103: $5,000. Enter these values on the job cost sheets. E Actual manufacturing overhead incurred and accrued as a payable was $14,000 plus $3,000 of Accumulted depreciation. (Do not record on job sheets) MO TOTAL MO TOTAL MO TOTAL CASH ACCOUNTS PAYABLE COMMON STOCK ACCOUNTS RECEIVABLE SALARIES PAYABLE RETAINED EARNINGS RAW MATERIALS DIVIDENDS